Wednesday, March 19, 2008

Not every trade is a winner. This is a fact of trading. Most guys selling you software won't mention that reality. Fortunately I'm not selling anything (expect a viewpoint perhaps). What I find amazing is that most of the best traders I know average about a 40% win ratio - yep you hear that right they lose more than they win. And speaking of losses...

Remember 1 loss isn't that big a deal (it means absolutely nothing statistically). Heck you can expect 6 or 7 loss strings sometimes - that's trading. But when your targets are at least 2:1 the odds are actually on your side even if you only win less than 50% of the time.Type rest of the post here